Asian Development Outlook 2001: Asia's Globalization Challenge

Asian Development Outlook 2001 provides a comprehensive analysis of 41 economies in Asia and the Pacific based on the Asian Development Bank's in-depth knowledge of the region. It also includes a broad diagnosis of macroeconomic conditions and growth prospects for the region.

Notwithstanding the less hospitable external environment, the Asian Development Outlook (ADO) 2001 is cautiously optimistic that the prospects for the Asian and Pacific region remain moderate and will improve by 2002.

However, there are significant challenges that the region has to address including taking appropriate policies

maintain stable macroeconomy

promote prudent financial policies

adopt sound regulatory practices

There are also significant downside risks in the near-term outlook if the global slowdown persists.

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